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- Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the following dates-- December 2007; June 2009; and February 2020, Arpil 2020, May 2020, and January 2021: employed unemployed not in the labor force the unemployment rate the labor force participation rate the employment rate (employment -population ratio) if the answer for 'e' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000, how many people would be unemployed in February 2020 and what, therefore, would the unemployment rate be in February 2020? December 2007 June 2009 February 2020 April 2020 May 2020 January 2021 Civilian noninstitutional population >16 233,290,000 235,695,000 259,835,000 260,045,000 260,197,000 260,849,000 Civilian labor force 153,918,000…Why are less women found in regular salaried employment? b. Analyse the recent trends in sectoral distribution of workforce in India: Trends in Employment Pattern (Sector wise), 1993-2012 (in %) Sector 1993-94 1999-2000 2011-2012 Primary 64 60.4 24.3 Secondary 16 15.8 24.3 Services 20 23.8 26.8 2 4 34 State, giving valid reasons whether the following statements are true or false. a. Since independence, the benefits of the increase in economic growth in India have trickled down to the people at the bottom of population pyramid. b. Human Capital Formation gives birth to innovation, invention and technological improvements. c. There exists an inverse correlation between infrastructural growth and national income??????Assume that unemployment at date t+1, Ut+1, is defined as: Ut+1 = Ut Mt + St, (1) where Ut is unemployment at date t, Mt is the number of jobless who match with a job, and St is the number of employed people who leave their job and join unemployment at date t. Assume that each period a fraction m of the unemployed is matched: mUt = Mt Assume that every period, a proportion of the employed leaves their jobs: St = sEt = s(POP Ut), where POP is the total workforce (and everyone in this population either works or is unemployed). Assume that s+m 1. Calculate the steady-state unemployment rate by substituting these formulas into equation.
- Q. 12-15. Consider the standard job search model as described in the text. (a) Why are the asking wage and expected unemployment duration positively related? (b) Can the standard job search model explain why unemployment duration is longer, on average, for secondary workers when compared to primary workers? Discuss. (c) In the context of the standard search model, explain how the economy-wide average asking wage and unemployment duration are affected by an expanded underground (cash) economy. What is the effect on the equilibrium unemployment rate? BOOK: Labor Economics, 8th Edition, by George Borjas, published by McGraw-Hill. Chapter 12If, over two periods (quarters), the unemployment rate had reduced from 6.5 to 5.5 per cent and the measured underemployment rate had increased from 7.5 per cent to 8.2 per cent, the change to the labour underutilisation rate would have been ..... Select one: a. an increase of 0.3 per cent. b. a decrease of 0.3 per cent. c. an increase of 0.7 per cent. d. a decrease of 0.7 per cent.om/mod/quiz/attempt.php?attempt=1835779&cmid=8805848&page=1 ARNING SYSTEM (ACADEMIC) Od. 10%. Time left 0:44:20 1 O e. 50%. 10 CLEAR MY CHOICE 19 If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the employment-to-population ratio is Fin Select one: O a. 78.6 percent. O b. 75 percent. O c. 71.4 percent. O d. 66.6 percent. The unemployment rate is found by dividing the number of unemployed people by the Select one: O a. number of working individuals, and multiplying by 100. O b. number of the working-age population, and multiplying by 100.
- Country A has a total population of 100 million, of which 80 percent are adults (and hence are capable of working). Assume that 25 percent of the adult population are not looking for a job.Among the remaining adult population who are participating in the labor force, 50 percent are employed, 8% are frictionally unemployed, and 2% are structurally unemployed. Compute thenumber of cyclically unemployed workersSuppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.4million are working part-time and 13.19 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 3.40 million happened less than two weeks ago, while 1.72million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 12.33 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force? million How many people are unemployed? million What is the labor force participation rate? % What is the unemployment rate?The figure describes the effect of immigration on unemployment in the labour market. The labour market equilibrium is at A and C before and after the influx of immigration, respectively. Based on this figure, which of the following statements is correct? Real wage 40 20 3 3 Wage-setting curve (before immigration) B Wage-setting curve (after) immigration) Labour force (before Immigration) Price- setting curve Labour force (after immigration) 4 4.5 5 5.5 Employment, millions of workers 6 Firms claim a higher markup in the new equilibrium. The unemployment rate is unchanged in the new equilibrium. All incumbent workers are no worse off in the new equilibrium. All incumbent workers are unaffected while the labour market adjusts.
- 8. Using adjusted R-squared to choose between nonnested models Consider the following two models relating wages and education: Model 1 wage = Bo + Bieduc + B2 educ² + u where and R² = 0.393 R2 = 0.048 Model 2 log (wage) Bo + Bieduc + B2 educ² + u where R2 = 0.432 R²= 0.009Suppose the civilian noninstitutionalized working-age population is 35.935.9 million in in a hypothetical economy. Of these, 4.94.9 million are working part-time and 14.5314.53 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 2.902.90 million happened less than two weeks ago, while 1.721.72 million most recently looked for work between two and four weeks ago. An additional 0.860.86 million most recently looked for work five weeks ago, and the remaining 10.9910.99 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is the size of the total labor force? ____millionmillion How many people are unemployed? ______millionmillion What is the labor force participation rate? _____% What is the unemployment rate? _______%16) If the Local employment sector of manufacturing is 40,125 and total local total employment is 320,147 and national employment in that sector is 1,142,228, with total national employment at 13,425,000 what is the location quotient? 17) The location quotient must be than one a. Less than b. Equal to c. Greater d. None of the above 18) Based on question 16, what percentage of the local manufacturing are basic employees? 19) What is the EBM, if total basic employment is 128,500 and total employment is 350.000? 20) What does the EBM indicate in question 19? 21) Based on question 19, If the population is 798,112, what is the PER. 22) What does Does the PER indicate?